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Fly News Breaks for April 14, 2016
RBC, IR, LII
Apr 14, 2016 | 06:06 EDT
KeyBanc analyst Jeffrey Hammond downgraded Lennox International (LII) to Sector Weight saying he expects the stock to trade more in line with the peers after a period of multiple expansion. The analyst views the risk/reward as fairly balanced at current levels. In the HVAC space, Hammond prefers Ingersoll-Rand (IR). He raised his price target for the shares to $70 from $65. He also reiterates an Overweight rating on Regal-Beloit (RBC) and upped his price target for the shares to $72 from $68.
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